Billionaire Steven Cohen Sold 100% of Point72's Stake in SoundHound AI and Is Piling Into This Supercharged Stock-Split Stock

Steven A. Cohen is one of the most fascinating money managers of the modern era. As the billionaire founder of Point72 Asset Management and owner of the New York Mets, Cohen has long been a larger-than-life personality on Wall Street. He even served as the inspiration for fictional hedge fund titan Bobby Axelrod from Showtime's television series, Billions.Unlike many of his high-profile peers, Cohen rarely seeks the spotlight. He seldom grants interviews or discusses his firm's inner workings. Yet, through Point72's quarterly 13F filings, everyday investors can still catch a glimpse of where one of the sharpest minds in finance is putting his capital.In its most recent filing, Point72 revealed two striking moves: The fund completely exited its position in SoundHound AI (NASDAQ: SOUN) during the second quarter while simultaneously doubling down on semiconductor powerhouse Nvidia (NASDAQ: NVDA).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool